Beequip Equipment Finance has executed its inaugural asset-backed securitization, a €500 million ($576 million) transaction secured by leases for cranes, containers, maritime, construction, and road transport equipment.
The transaction will allow the Dutch lender, which entered the North American market four years ago, to broaden access to capital for small and medium-sized enterprises, according to a Beequip press release issued today. The transaction was coordinated by BNP Paribas, BofA Securities, and Citigroup Global Markets.
Beequip has provided financing exceeding $4.6 billion for industrial equipment across Europe and North America. The company employs a “equipment-first” underwriting methodology that emphasizes the value of machinery and business plans over conventional financial metrics. This approach also resulted in the formulation of the securitization structure, as stated in the release.
